49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK(Bloomberg) — Bear Stearns, the second-biggest US underwriter of mortgage bonds, is liquidating holdings from one of its hedge funds after making money-losing bets on subprime mortgage bonds, said three people with knowledge of the decision.B...
DATE: Jun 15, 2007
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HONG KONG (Bloomberg) — China's government reported industrial production growth unexpectedly accelerated in May, hours after Premier Wen Jiabao said further steps are needed to cool the world's fastest-growing major economy.Output rose 18.1 percent ...
DATE: Jun 15, 2007
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NEW YORK (Bloomberg) — American International Group Inc., the world's biggest insurer, has taken control of a lawsuit filed by shareholders on behalf of the company against former chief executive officer Maurice "Hank" Greenberg.The amended complaint...
DATE: Jun 15, 2007
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NEW YORK (Bloomberg) — BWay Holding Co. and BioFuel Energy Corp. reduced the number of shares and price of their initial public offerings, while two other companies — including Bermuda-based insurer GeoVera Insurance Holdings — postponed their stock ...
DATE: Jun 15, 2007
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Bermuda-based hedge fund Nephila Capital has announced the closing of its new Caymans-domiciled investment vehicle, Gamut Reinsurance Ltd.
In a statement, Nephila said Gamut Re had raised $310 million in capital to source a range of catastrophe risks...
DATE: Jun 15, 2007
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NEW YORK (Bloomberg) — Dow Jones & Co.'s shares were cut to "reduce" by UBS AG analyst Brian Shipman, who advised investors to sell the stock because it trades close to the $60 buyout bid by Rupert Murdoch's News Corp.Shares of Dow Jones, owner of th...
DATE: Jun 15, 2007
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TORONTO(Bloomberg) — Canadian stocks had their biggest two-day gain in more than a month, as energy and materials companies including EnCana and Teck Cominco rose to records on surging prices for crude oil and copper.The Standard & Poor's/TSX Composi...
DATE: Jun 15, 2007
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NEW YORK (AP) — Tales of ballooning mortgage payments are scaring home buyers straight.After taking on risky adjustable-rate loans or multiple mortgages to pay less upfront during the housing boom, borrowers with limited capital for down payments are...
DATE: Jun 15, 2007
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Aspen Re is to step up its presence in the European reinsurance market by opening an office in Switzerland.
The new operation in Zurich, described by the company as "a major office", will serve as the hub for Aspen's European reinsurance activity.
As...
DATE: Jun 15, 2007
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AUTHOR:
Jonathan Kent
Investors looking for new avenues to place their savings should give the Bermuda Stock Exchange some consideration, according to its president and CEO Greg Wojciechowski, writes Scott Neil.
He is proud of the status of the stock exchange, which was e...
DATE: Jun 15, 2007
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